When Independent Stock Transfer Agents Are Not Employed and the Corporation

question 69

Multiple Choice

When independent stock transfer agents are not employed and the corporation issues its own stock and maintains stock records,canceled stock certificates should

• A) Be defaced to prevent reissuance and attached to their corresponding stubs.
• B) Not be defaced but be segregated from other stock certificates and retained in a canceled certificates file.
• C) Be destroyed to prevent fraudulent reissuance.
• D) Be defaced and sent to the secretary of state.

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Definitions:

Andrew Johnson

Andrew Johnson was the 17th President of the United States, serving from 1865 to 1869; he assumed presidency after the assassination of Abraham Lincoln and was the first president to be impeached.

First Reconstruction Act

Legislation passed in 1867 that began the period of Reconstruction in the United States, dividing the South into military districts and requiring states to ratify the 14th Amendment and provide suffrage to black males.

Southern State Governments

The executive, legislative, and judicial branches that govern the states located in the Southern region of the United States.

Federal Funding

Financial resources provided by the federal government to states, organizations, or individuals, often for specific projects or programs, to support public services and policies.